Expectations before privatisation and market realities after privatisation: technology transfer

Recently privatised firms in Central and Eastern European (CEE) countries are searching for Western European partners to transfer their technologies to Western countries. The differences in expectations between CEE managers and their Western counterparts increased as privatisation efforts intensified. This paper proposes a model which can explain the differences in expectations before privatisation and market realities after privatisation, between CEE managers and their Western counterparts in terms of technology transfer out and into CEE.